Strs Ohio Purchases 1,001 Shares of AutoNation, Inc. (NYSE:AN)

Strs Ohio increased its position in AutoNation, Inc. (NYSE:ANGet Rating) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,645 shares of the company’s stock after purchasing an additional 1,001 shares during the quarter. Strs Ohio’s holdings in AutoNation were worth $1,084,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Natixis boosted its position in AutoNation by 491.8% during the 2nd quarter. Natixis now owns 446,400 shares of the company’s stock valued at $50,107,000 after acquiring an additional 370,972 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in AutoNation by 29.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,505,122 shares of the company’s stock valued at $149,880,000 after acquiring an additional 338,288 shares in the last quarter. Vanguard Group Inc. boosted its position in AutoNation by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 4,820,370 shares of the company’s stock valued at $480,012,000 after acquiring an additional 123,772 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in AutoNation by 27.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 355,982 shares of the company’s stock valued at $36,264,000 after acquiring an additional 75,864 shares in the last quarter. Finally, UBS Group AG boosted its position in AutoNation by 219.4% during the 2nd quarter. UBS Group AG now owns 97,808 shares of the company’s stock valued at $10,931,000 after acquiring an additional 67,184 shares in the last quarter. Institutional investors own 86.31% of the company’s stock.

Insider Buying and Selling at AutoNation

In other news, major shareholder Edward S. Lampert sold 62,379 shares of the firm’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $117.92, for a total transaction of $7,355,731.68. Following the sale, the insider now directly owns 6,096,978 shares in the company, valued at approximately $718,955,645.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Edward S. Lampert sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $104.82, for a total transaction of $13,102,500.00. Following the sale, the insider now directly owns 5,878,888 shares in the company, valued at approximately $616,225,040.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Edward S. Lampert sold 62,379 shares of the firm’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $117.92, for a total value of $7,355,731.68. Following the sale, the insider now owns 6,096,978 shares in the company, valued at $718,955,645.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 336,404 shares of company stock worth $37,094,192. Insiders own 0.64% of the company’s stock.

AutoNation Stock Performance

NYSE AN opened at $110.51 on Friday. The stock has a 50-day simple moving average of $114.36 and a two-hundred day simple moving average of $113.86. The firm has a market capitalization of $5.48 billion, a P/E ratio of 4.52, a PEG ratio of 0.74 and a beta of 1.16. AutoNation, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $135.57. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.42 and a current ratio of 1.05.

AutoNation (NYSE:ANGet Rating) last released its quarterly earnings data on Thursday, October 27th. The company reported $6.00 earnings per share for the quarter, missing analysts’ consensus estimates of $6.32 by ($0.32). The company had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.65 billion. AutoNation had a net margin of 5.50% and a return on equity of 62.53%. On average, equities analysts forecast that AutoNation, Inc. will post 24.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AN has been the subject of several analyst reports. Wells Fargo & Company lowered AutoNation from an “overweight” rating to an “equal weight” rating and set a $126.00 price objective for the company. in a report on Friday. Guggenheim increased their price objective on AutoNation to $154.00 in a report on Tuesday, November 1st. StockNews.com initiated coverage on AutoNation in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. lowered AutoNation from an “overweight” rating to a “neutral” rating and set a $125.00 target price for the company. in a research note on Thursday, October 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, AutoNation has an average rating of “Moderate Buy” and an average target price of $145.88.

AutoNation Profile

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AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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